European Residential Real Estate Invt Tr
European Residential Real Estate Invt Tr — European Residential Real Estate Investment Trust — Q1 2025 Earnings Presentation
13 slides from European Residential Real Estate Invt Tr's earnings presentation, May 8, 2025
Slide 1: Q1'25 Conference Call
Q1’25 Conference Call Canada’s only European-focused multi-residential REIT May 8, 2025 1 Third First Quarter quarter Conference conference Call call
Slide 2: Disclaimer
Overview Disclaimer This presentation and our answers to questions in today’s session may contain forward-looking The REIT prepares and releases unaudited condensed consolidated interim financial statements and information within the meaning of applicable securities laws. Forward-looking information
Slide 3: Presenters
Overview Presenters Mark Kenney Jenny Chou Chief Executive Officer & Trustee Chief Financial Officer CAPREIT since 1998 CAPREIT since 2019 • President, CEO and Trustee at CAPREIT • Vice President, Finance at CAPREIT • Director on Board of REALPAC • Chartered Professional Accountant (CPA, CA) • Forme
Slide 4: First Quarter Updates
Overview First Quarter Updates Objectives Maximize returns for €90M €337M 6.2% Unitholders through in total gross proceeds in additional committed increase in occupied AMR to ongoing optimization generated from strategic dispositions expected to €1,248 as of period end on of the property disposition
Slide 5: Operational Performance
Overview Operational Total Residential Portfolio Performance ERES has consistently achieved strong growth in average monthly rents (“AMR”), even within €1,350 93.6% €1,300 the continuously changing regulatory €1,250 framework. €1,200 ERES has intentionally maintained lower €1,150 residential occupan
Slide 6: Financial Performance
Financial Performance Jenny Chou Chief Financial Officer 6 First ThirdQuarter quarter Conference conference Call call
Slide 7: First Quarter Financial Results
Financial Results First Quarter -0.7% -2.5% 75.0% Same Property Operating Revenues Same Property Net Operating Income Same Property NOI Margin €0.018 86.6% €0.015 FFO per Unit (diluted) AFFO Payout Ratio Distributions per Unit 7 First Quarter Conference Call
Slide 8: Financial Position & Liquidity
Financial Results Financial Position Liquidity & Liquidity 60% 56% 57% 58% 58% 57% 53% 36% 40% €133 ERES actively manages leverage and €121 coverage ratios to ensure compliance €89 with all covenants. €55 €30 €28 €29 €37 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Net proceeds from ERES’s strate
Slide 9: Mortgage Renewal Profile
Financial Results Mortgage Mortgage Renewal Profile Weighted Average Mortgage Term of 2.6 years Renewal Profile Substantially all of ERES’s mortgages are 3.29% financed with terms and arrangements 300 2.46% that result in fixed interest payments, Mortgage Renewal (€) 1.89% mitigating interest expens
Slide 10: Closing Remarks
Closing Remarks Mark Kenney Chief Executive Officer 10 First ThirdQuarter quarter Conference conference Call call
Slide 11: Maximizing Returns for Unitholders
Closing Remarks Maximizing Returns for Unitholders ERES is actively exploring all strategic Turnover opportunities to enhance value for Suite Unitholders. To that end, a special meeting Reletting Indexation Income Growth of Unitholders was held on January 7, 2025, Program in which a resolution to am
Slide 12: Launching Bid Process
Closing Remarks Launching Bid Process Remaining Portfolio Randstad Region, The Netherlands • Havendijk, Schiedam East Region, The Netherlands The Board, with assistance from its legal South Region, The Netherlands • De Kameleon, Amsterdam and financial advisors, will diligently and Brussels, Belgium
Slide 13: Contact Us
Contact Us European Residential REIT 11 Church Street, Suite 401 Toronto, Ontario M5E 1W1 Canada m.kenney@capreit.net j.chou@capreit.net www.eresreit.com 13 Third First Quarter quarter Conference conference Call call
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